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» Chronological View: " Office " «

Elo and LocalTapiola sell prime logistics property

Elo Mutual Pension Insurance Company, together with LocalTapiola General Mutual Insurance Company have sold a prime logistics property by the Helsinki-Vantaa Airport to DWS. The deal represents one of the largest single asset logistics transactions ever completed in the country. Built in 2006, the complex comprises 42,000 squ...
Monday, 20. August 2018

Baltic Horizon fund completes acquisition of LNK Centre office building located in Riga

The Baltic Horizon fund has completed the acquisition of the LNK Centre office building located in Riga, Latvia. The total purchase price for the property under the agreement is approx. €17 million, which corresponds to an entry yield of approx. 6,5%. The asset is fully leased to five tenants, of which Exigen Services and LNK...
Monday, 20. August 2018

Drum Property submits £30 million planning application for Glasgow’s Pacific Quay

The completion of one of Scotland’s most high-profile waterfront development sites has moved a step nearer following the submission of a major planning application to Glasgow City Council by Drum Property Group. Drum is working with Scottish Enterprise to develop a 7.5-acre site at Pacific Drive - which lies at the heart of G...
Monday, 20. August 2018

Art-Invest Real Estate partners with WiredScore to improve digital infrastructure

Art-Invest Real Estate has partnered with WiredScore to analyse and improve the digital infrastructure and connectivity of its buildings. Art-Invest Real Estate mandated WiredScore to certify the digital infrastructure of about 20 office properties across Germany with over 400,000 m² of GLA.
Monday, 20. August 2018

GPE sells 160 Great Portland Street

Great Portland Estates (GPE) has sold 160 Great Portland Street, W1 to 139 Westar House Marylebone Limited for a headline sale price of £127.35 million (c. €142.1 million), which was only marginally behind the March 2018 book value and reflects a net initial yield of 4.08% and a capital value of £1,328 (c. €1,500) per sq ft. ...
Monday, 20. August 2018

Work on multi-million pound refurb of Steel City House completes

Work to deliver a multi-million pound refurbishment of the Steel City House, a historic Sheffield city centre office building on West Street, has completed, providing much needed grade A accommodation to feed demand. Tenants include British Business Bank and since most recently BRM Solicitors. The property, which is being mar...
Monday, 20. August 2018

Leipzig/Halle airport acquires Terminal B from Commerz Real for €32.4m

Flughafen Leipzig/Halle GmbH has acquired Terminal B of the airport it operates from Commerz Real’s closed-end real estate fund 72 (CFB 72) for approximately €32.4 million. The company had leased the building complex, with more than 25,000 m² of usable floor area, since 1996, and has now exercised its contractual right to pur...
Friday, 17. August 2018

Lack of quality Grade A office supply in out-of-town market sparks demand for spec development

Lack of Grade A office supply in the Birmingham out-of-town office market will result in an increase in speculative development over the next 12 months, according to the latest research from Colliers International.
Friday, 17. August 2018

Centrum Królewska is 100 % let

The Class A office building Centrum Królewska in Warsaw is fully let. Cushman & Wakefield has brokered a 500 plus sq m office lease for an investment fund company that has been active in Poland for more than 10 years. The owner of the office building is Rezydent S.A. The building is located at the junction of Marszałkowska an...
Friday, 17. August 2018

M7 sells REIP VI to Regional REIT for £31.4m

M7 Real Estate has disposed of a portfolio of UK regional assets to Regional REIT for £31.4 million on behalf of M7 Real Estate Investment Partners VI (M7 REIP VI). “While the portfolio has been under our ownership for a relatively short time, following the completion of a number of lettings and lease renewals and having rece...
Friday, 17. August 2018

Generali Real Estate’s Fen Court reaches practical completion

Generali Real Estate S.p.A. to announce the practical completion of Fen Court, the 40,000 sq mt, 16 storey office and retail development that includes 10 Fenchurch Avenue, One Fen Court and 120 Fenchurch Street in the City of London.
Friday, 17. August 2018

Warburg-HIH acquires Hanse Forum from Standard Life for €100m

Warburg-HIH Invest Real Estate acquired the Hanse Forum office property in Hamburg. The seller is Standard Life Investments European Real Estate Club L.P II (Euro Club II). An equity interest of nearly 50 percent in the property was added to the “Warburg-HIH Top 7 Deutsche Metropolen Immobilien Invest” special AIF. The other ...
Thursday, 16. August 2018

Pbb finances conversion of former Commerzbank HQ in Frankfurt

Pbb Deutsche Pfandbriefbank has extended a loan to GEG German Estate Group AG for the purchase and subsequent refurbishment – to new-building specifications – of the „Global Tower“ building in Frankfurt #link(44451)#.
Thursday, 16. August 2018

€500m invested into Slovak commercial real estates in H1 2018

The total investment volume in Slovakia for H1 2018 reached just under €500 million, a significant amount compared to the €535 million for the entire 2017 and record breaking €850 million in 2016. This is the result of several mid-volume level deals slipping from 2017 Q4 to 2018 Q1/Q2, as well as increased liquidity and inves...
Thursday, 16. August 2018

Mennica Legacy Tower secures WeWork as tenant

WeWork has become the sole tenant of office space in the Western Building of the Mennica Legacy Tower – the modern office complex being built by Golub GetHouse and Mennica Polska S.A. at the junction of Prosta and Żelazna streets in Warsaw. The provider of flexible workspace signed a lease agreement for 14,000 sqm of office...
Thursday, 16. August 2018

Boultbee Brooks buys Leeds property

Boultbee Brooks has just acquired Wellington Park House in an off-market deal from a private vendor, represented by Paul Fox of leading Leeds Surveyors Fox Lloyd Jones.
Thursday, 16. August 2018

Skanska sells Mill Park to Erste Real Estate Fund

Skanska has sold Mill Park, a two-building office project in Budapest, to the real estate fund of Erste Alapkezelő Zrt. – one of the subsidiaries of Erste Asset Management GmbH. This is the second acquisition from Skanska in Budapest that the purchaser has made following the Nordic Light transaction in 2016.
Thursday, 16. August 2018